Buzz Aldrin, the second man to step on the moon, filed a lawsuit in June in Florida, a week after his children Andrew and Janice filed a petition claiming their father was suffering from memory loss, delusions, paranoia and confusion.
Stuff says in a recent article, “Buzz Aldrin sues children, alleging misuse of his finances,” that the two children requested that the judge name them his legal guardians. They said Buzz was associating with new friends who were trying to alienate him from his family and that he had been spending his assets at "an alarming rate.''
The 88-year-old Aldrin underwent his own mental evaluation that was conducted by a geriatric psychiatrist at UCLA last April. The doctor said Aldrin scored "superior to normal'' for his age on tests.
"I also believe that he is perfectly capable of providing for his physical health needs, food, clothing and shelter, and is substantially able to manage his finances and resist fraud and undue influence,'' said Dr. James Spar in a letter to Aldrin's attorney.
Aldrin asked a judge to remove Andrew from control of his financial affairs, social media accounts and several nonprofit and business enterprises. Andrew was a trustee of his father's trust. Buzz said in the complaint that despite revoking the power of attorney he had given his son, Andrew continued making financial decisions for him.
"Specifically, defendant Andrew Aldrin, as trustee, does not inform plaintiff of pending or future business transactions, removes large sums of monies from plaintiff’s accounts and continues to represent plaintiff in business and social capacities, despite plaintiff's repeated requests for such representations to be terminated,'' the lawsuit said.
In his complaint, Aldrin accused Janice of not acting in his financial interests and conspiracy. Buzz also accused his former manager, Christina Korp, of fraud, exploitation of the elderly and unjust enrichment. Several businesses and foundations operated by the family are also named in the lawsuit.
Buzz Aldrin was a member of the Apollo 11 crew that landed the first two people on the moon. Aldrin joined Neil Armstrong on the lunar surface in July 1969.
Reference: Stuff (June 26, 2018) “Buzz Aldrin sues children, alleging misuse of his finances”
One of the main goals of our law practice is to help families like yours plan for the safe, successful transfer of wealth to the next generation. Call our office today to schedule a time for us to sit down and talk about your estate plan, where we can identify the best strategies for you and your family to ensure your legacy of love and financial security. Our office is located in Santa Ana, CA but we serve all of California including Irvine, Orange, Tustin, Newport Beach, and Anaheim.